We have barely made out of the 3G iPhone launch day, the Asia's black market is ready to sell unlocked iPhone 3G at marked up prices. Hong Kong's iPhone comes unlocked but buyers still must purchase a two-year mobile contract; the 8-gigabyte phone goes for about $375, according to AP. Here is more info from AP news:

"As Apple Inc. (AAPL) rolled out its newest iPhone on Friday, dealers and buyers were anticipating the popular device in Asia's thriving underground marketplace in as little as a few days.

The iPhones are nothing new to Asia, where enthusiasts from Bangkok to Shanghai already sport fake and unlocked versions of last year's models - unlocked so they can work with any carrier, not just the Apple-authorized ones.Now, electronics markets are preparing for an influx of iPhones capable of 3G, or third-generation, cell phone technology.

In the Chinese territory, ads pitching unlocked iPhones and services to unlock them were everywhere in a shopping mall with three floors of cell-phone stores."